Economic news from the company ForexMart

Economic news from the company ForexMart (ForeksMart)

Property prices in China are still high

Property prices in China continue to remain high, despite the efforts of the government: the rise in prices at the end of May was 10.4%, whereas the previous month, prices rose by 10.7%.

Analysts suggest that the market yield at the peak will take more time, given the austerity measures taken by the Government. They expect that by the end of this year, housing prices still will go to decrease.

In November last year, housing prices peaked and reached 12.6%. Now we see slower growth for five consecutive months.